Weak Aussie Jobs Data Lifts GBP/AUD to 1.883

GBP/AUD trades around 1.8829 after Australia's unemployment rate unexpectedly jumped to 4.5% and employment fell 18,600. The pair rebounded from a 28-month low of 1.85571 on May 15 following dovish RBA minutes that scaled back rate-hike expectations and weakened the Australian dollar. Earlier pressure on sterling from UK political turmoil, Labour's local-election losses, and surging gilt yields had driven the decline despite stronger-than-expected Q1 GDP of +0.6%. Softer UK services PMI and labour data capped sterling's recovery, leaving risk sentiment and central-bank signals as the dominant near-term drivers.